EBK UNDERSTANDING MANAGEMENT
10th Edition
ISBN: 8220101442185
Author: MARCIC
Publisher: YUZU
expand_more
expand_more
format_list_bulleted
Question
Chapter 9, Problem 9DQ
Summary Introduction
To determine:
Whether it is better to let data computer program take hiring decisions and consequences of implementing such programs.
Introduction:
The use of data and software can help establish a total new concept in hiring the right employees. This use of data programs are used in many companies around the world in order to reduce the human resource management cost and time taken for the traditional practice of recruiting and selecting employees, companies input the type of workers they need according to the job description , specification, someone who suits the company culture into the software and then inputs the applicants data and tests where eventually the program runs and analyses the best possible employees and candidates to fill the position.
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
Assume that your business is going to apply for a bank loan. Step into the shoes of a banking official who has the power to say yes or no to your loan application. From the bank’s vantage point, what are the strengths and weaknesses of your business plan? Does your plan seem realistic, given the financial assumptions and the business environment? What questions would you, as a bank officer, ask about your business plan? As the entrepreneur behind the business plan, how would you answer these questions and persuade the bank to approve your loan? Write up your questions and answers in one paragraph. Then use what you’ve learned to further strengthen your plan.
Assume that your business is going to apply for a bank loan. Step into the shoes of a banking official who has the power to say yes or no to your loan application. From the bank’s vantage point, what are the strengths and weaknesses of your business plan? Does your plan seem realistic, given the financial assumptions and the business environment? What questions would you, as a bank officer, ask about your business plan? As the entrepreneur behind the business plan, how would you answer these questions and persuade the bank to approve your loan? Write up your questions and answers in one paragraph. Then use what you’ve learned to further strengthen your plan.
Even before you launch your business, you have to be ready to handle the funds that will flow in and out as you buy raw materials, pay rent, receive customer payments, and reserve cash to pay taxes. Which financial services should you have in place on your first day in business? Which might be needed months later, after you’ve established your business? Write two to three sentences about your company’s need for financial services, now and during the first year.
Chapter 9 Solutions
EBK UNDERSTANDING MANAGEMENT
Ch. 9 - Prob. 2OTJVCCh. 9 - Prob. 3OTJVCCh. 9 - Prob. 1DQCh. 9 - Prob. 2DQCh. 9 - Prob. 3DQCh. 9 - Prob. 4DQCh. 9 - Prob. 5DQCh. 9 - Prob. 6DQCh. 9 - Prob. 9DQCh. 9 - Prob. 1GL
Ch. 9 - Prob. 1ALCh. 9 - Prob. 2ALCh. 9 - Prob. 3ALCh. 9 - Prob. 4ALCh. 9 - Prob. 5ALCh. 9 - Prob. 1CFCACh. 9 - Prob. 2CFCACh. 9 - Prob. 3CFCACh. 9 - Prob. 7DQCh. 9 - Prob. 8DQCh. 9 - Prob. 10DQCh. 9 - Prob. 1SLCh. 9 - Prob. 2SLCh. 9 - Prob. 3SLCh. 9 - Prob. 4SLCh. 9 - Prob. 5SLCh. 9 - Prob. 6SLCh. 9 - Prob. 7SLCh. 9 - Prob. 8SLCh. 9 - Prob. 9SLCh. 9 - Prob. 10SLCh. 9 - Prob. 11SLCh. 9 - Prob. 12SLCh. 9 - Prob. 13SLCh. 9 - Prob. 14SLCh. 9 - Prob. 1EDCh. 9 - Prob. 2EDCh. 9 - Prob. 3ED
Knowledge Booster
Similar questions
- Chester has negotiated a new labor contract for the next round that will affect the cost for their product Camp. Labor costs will go from $3.65 to $4.15 per unit. Assume all period and variable costs as reported on Chester's Income Statement remain the same. If Chester were to pass on half the new labor costs to their customers, how many units of product Camp would need to be sold next round to break even on the product? Select : 1 a) 1,826 b) 1,916 c) 1,743 d) 2,428arrow_forwardPremises: Alpha, Inc. has contemplated taking over a similar but less well-known corporation. If the merger takes place, Alpha, Inc. will probably change its name and temporarily lower its prices. If the prices are reduced, more merchandise is expected to be purchased. If more merchandise is purchased, more employees will be hired. Alpha, Inc. took over the less well-known corporation. Conclusion:Alpha, Inc. was renamed and more employees were hired. Options: Necessarily true. Probably, but not necessarily, true. Indeterminable, cannot be determined. Probably, but not necessarily, false. Necessarily false.arrow_forwardYou are the newly appointed CEO of TechSouth, a South African multinational technology company based in Cape Town. TechSouth specialises in manufacturing smartphones, laptops, and smart home devices. The company has a significant presence in the African market and has recently expanded into Europe and Asia. However, TechSouth is facing several critical challenges:· Declining Market Share - Over the past three years, TechSouth has lost considerable market share to both localcompetitors and international giants like Samsung and Apple. The company's products are perceived as outdated and lacking innovation.· Employee Engagement Issues - Recent employee surveys indicate low morale and engagement levels, particularly among the younger workforce, leading to high turnover rates. Many employees feel disconnected from the company's vision and mission.· Siloed Departments - The organizational structure at TechSouth is highly siloed, with departments operatingindependently rather than…arrow_forward
- You are the newly appointed CEO of TechSouth, a South African multinational technology company based in Cape Town. TechSouth specialises in manufacturing smartphones, laptops, and smart home devices. The company has a significant presence in the African market and has recently expanded into Europe and Asia. However, TechSouth is facing several critical challenges:· Declining Market Share - Over the past three years, TechSouth has lost considerable market share to both localcompetitors and international giants like Samsung and Apple. The company's products are perceived as outdated and lacking innovation.· Employee Engagement Issues - Recent employee surveys indicate low morale and engagement levels, particularly among the younger workforce, leading to high turnover rates. Many employees feel disconnected from the company's vision and mission.· Siloed Departments - The organizational structure at TechSouth is highly siloed, with departments operatingindependently rather than…arrow_forwardProvide an introduction that is brief, entertaining, and clearly communicates the project's aim. It should succinctly summarise the scenario and significant problems, describe the strategy used to answer the issue, and offer context for the project. The project's goal should be articulated clearly to attract the reader's attention.arrow_forwardAssess leadership capacity development by describing a leadership development framework, identifying high-potential employees, outlining mentoring and coaching programmes, forming cross-functional teams and projects, detailing stakeholder management strategies, overcoming resistance to change, providing conflict resolution strategies, identifying future leaders, and fostering a culture of continuous learning and growth. Include tactics for dealing with opposition and resolving problems.arrow_forward
- Geert Hofstede's cultural dimensions theory is a framework for cross-cultural communication, which describes the effects of a society's culture on the values of its members, and how these values relate to behavior. The four dimensions that Hofstede identified are: power distance, uncertainty avoidance, masculinity vs. femininity, and individualism vs. collectivism. According to Hofstede's research, the Philippines scores high on the Power Distance Index (PDI), which means that the society accepts an unequal distribution of power and people understand their place in the system. The Uncertainty Avoidance Index (UAI) is also high, indicating that the society does not tolerate uncertainty and ambiguity, and tries to minimize the possibility of such situations by strict laws and rules, safety and security measures. The country scores low on the Individualism (IDV) dimension, which means that the society is Collectivist as compared to Individualist. This is manifest in a close…arrow_forwardHow would you monitor the strategy process to ensure that your strategic initiative succeeds? What should be monitored and why? Which Key Performance Indicators (KPIs) needed to be measured and monitored?arrow_forwardCompare and contrast descriptive statistics and inferential statistics. Explain the relationship of population, sampling frame, sampling design, and generalization.arrow_forward
- The research methods used to collect data are Qualitative and Quantitative. If True, discuss. If False, discuss.arrow_forwardIs it important to define the research problem before we collect the data?arrow_forwardContext: I'm a Business Management major in my senior year at University Question: What do you think is your strongest ability and how did you end up being good at it?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Understanding Management (MindTap Course List)ManagementISBN:9781305502215Author:Richard L. Daft, Dorothy MarcicPublisher:Cengage Learning
Management, Loose-Leaf VersionManagementISBN:9781305969308Author:Richard L. DaftPublisher:South-Western College Pub
Understanding Management (MindTap Course List)
Management
ISBN:9781305502215
Author:Richard L. Daft, Dorothy Marcic
Publisher:Cengage Learning
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub